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What we learnt: Mike Cannon-Brookes’ other bet slumps

Payments group Tyro tumbles shocks investors, Lendlease bounces along the bottom and Reliance Worldwide shrugs off the spicy cough. 

Mike Cannon-Brookes was busy making headlines at AGL on Monday, but his investment in payments group Tyro, where he is the largest shareholder, was taking a very different turn.

The 25.5 per cent plunge in the firm’s share price following the release of its December numbers would be staggering enough in any earnings season.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/what-we-learnt-mike-cannon-brookes-other-bet-slumps-20220221-p59ydl